Fi

nanci
alRepor
ti
ngAnaly
sison
Rel
i
anceIndust
ri
esLtd.
-
Vagi
shaShar
ma
PGP34295
Sect
ionF

RELI
ANCEI
NDUSTRI
ES
Reli
anceI ndustriesLimi tedi sanI ndi
ancongl omer atehol di
ngcompanyheadquar tered
i
nMumbai ,Mahar ashtra,I ndia.Reli
anceownsbusi nessesacr ossI
ndiaengagedi n
energy,petrochemi cals,text i
l
es,naturalresources,retail
,andt elecommunicat
ions.The
companywhi chhadar ev enueofRs3, 39,623croresf orthey earendedMar ch2017,i s
one ofI ndi a?sl argestpubl iclytraded compani es by mar ketcapit
ali
zat
ion.The
company '
sequi t
yshar esar el i
stedont heNat i
onalSt ockExchangeandt heBSELi mi ted.
TheGlobalDeposi toryRecei ptsissuedbyt heCompanyar elistedonLuxembour gSt ock
Exchange.

AboutRel
i
anceI
ndust
ri
es:

Thecompanywasf oundedbyDhirubhaiAmbanii n1960sandi nit

ial
l
yf ocusedont he
polysterbusiness.Thecompanyhel ditsInit
ialpubli
cof f
ering( I
PO)in1977andi n1985
changedi tsnamet ot oRel
ianceIndustr
iesLt d.Thecompanyal sobecamet hefi
rst
Indianprivatesect orcompanyt ober atedbyS&PandMoody ?sRelianceIndust
ries
currentl
y ear ns a maj orpar tofi t
sr ev
enue f rom r efini
ng,and t he restfrom
petrochemi cals,oil&gas,or
ganizedretai
landdi gi
talservices.Thecompanyempl oy s
24,167peopl e, accor
dingtoi
tsAnnualRepor tfor2016-17.

BESTCORPORATEGOVERNANCEPRACTI
CES
RILmai ntainst hehi ghestst andardsofCor porat
eGov ernance.Iti st heCompany ’
s
constantendeav ourtoadoptt hebestCor porateGovernancepr act
iceskeepi ngi nv iew
theinternati
onalcodesofCor porateGov ernanceandpr acticesofwel l
-knowngl obal
compani es.Some oft he besti mplemented globalgov ernance nor ms i ncl ude the
fol
lowing:
 TheCompanyhasadesi gnatedLeadI ndependentDi rectorwithadef i
nedr ole.All
securit
iesr elatedfil
ingswithStockExchangesar er eviewedev eryquar terbyt he
Stakeholder s’Relati
onshipCommi t
tee.
 The Company has i ndependentBoar d Commi ttees f ormat t
ersr elated to
CorporateGov ernanceand st akeholders’i
nterf
aceand nomi nation ofBoar d
member s.
 TheCompany ’
sinternalaudi
tisalsoconductedbyi ndependentaudi tor s.

1
  The Company also under goes quar
terl
y secretar
ialauditconduct
ed by an
i
ndependentcompanysecr etarywhoisinwhol e-
ti
mepr acti
ce.
 Thequarter
lysecret
ari
alauditrepor
tsareplacedbeforetheBoardandtheannual
secr
etar
ialaudi
treportpl
acedbef or
etheBoar d,i
sincludedint
heAnnualReport
.

HI
GHLI
GHTS
 RECORD ANNUALCONSOLI
DATED NETPROFI
TOFRs.36,
075CRORE(
$5.
5
BI
LLION)
,UP20.6%
 ANNUALCONSOLI
DATED PBDI
TOFRs.74,
184CRORE(
$11.
4BI
LLI
ON)
,UP
33.
6%
 HIGHEST ANNUAL EBIT FOR REFI
NING,PETROCHEMICALS AND RETAIL
BUSINESSES POSI
TIVE ANNUAL NET PROFI
T FROM DI GITAL SERVI
CES
SEGMENT (JI
O)RECORD QUARTERLY CONSOLIDATED NET PROFI
T OF Rs.
9,
435CRORE( $1.
4BILLI
ON),
UP17.3%
 QUARTERLY CONSOLI
DATED PBDI
T Rs.20,
664 CRORE (
$ 3.
2 BI
LLI
ON)
,UP
45.
9%

HI
GHLI
GHTSOFQUARTER’
SPERFORMANCE(
CONSOLI
DATED)
•Rev
enuei
ncr
easedby39.
0%t
oRs.129,
120cr
ore(
$19.
8bi
l
li
on)
•PBDI
Tincr
easedby45.
9%t
oRs.20,
664cr
ore(
$3.
2bi
l
li
on)
•Pr
ofi
tBef
oreTaxi
ncr
easedby29.
2%t
oRs.13,
246cr
ore(
$2.
0bi
l
li
on)
•CashPr
ofi
tincr
easedby30.
4%t
oRs.15,
408cr
ore(
$2.
4bi
l
li
on)
•NetPr
ofi
tincr
easedby17.
3%t
oRs.9,
435cr
ore(
$1.
4bi
l
li
on)

FY2017-
18:FI
NANCI
ALPERFORMANCEREVI
EW ANDANALYSI
S
(CONSOLI
DATED)
RILachi evedaconsolidatedrevenueofRs.430, 731crore($66. 1bill
ion),anincreaseof
30.5%,ascompar edtoRs.330, 180cr orei nt hepreviousy ear.Increaseinr evenuei s
pri
mar ilyonaccountofhi ghervolumeswi thst ar
t-
upofpet rochemi cal
sproj ectsand
uptrendi npricesofproductsinr efi
ningandpet r
ochemicalbusi nesses.Productpr i
ces
werel edby18%YoYi ncreaseinBr entoi l
pr i
cet o$57.5/bbl.RIL’sconsol i
dat
edr evenue
wasal soboost edbyr obustgrowt hi nRet ailandDi git
alSer vi
cesbusi ness.Rel iance
Retailr ecorded a 105% sur ge inr evenue t o Rs.69, 198 cr ore.RJI L’
s Wi r
eless
Telecommuni cati
onNet workrecordedr evenueofRs.23, 916cr oreini tsver
yf i
rstyear
ofcommer ci
aloperat
ions.Exports(includingdeemedexpor t)f r
om Indiawerehi gherat
Rs.176, 117cr or
e($27.0bill
ion)asagai nstRs.147, 755croreint hepr evi
ousy ear.
Operat
ingpr
ofi
tbefor
eotheri
ncomeanddepr
eciat
ioni
ncr
easedby38.
9%onaY- o-
Y
basi
stoRs.64,176cror
e($9.8bil
l
ion)f
rom Rs.46,
194cror
eintheprev
iousy
ear.

2
Robust r efi
ning and pet rochemicals mar gi
n env ir
onment ,v ol
ume gr owth i n
petrochemi calsandr api
dlyincreasi
ngcont ributi
onf r
om consumerbusi nessesl edt o
signifi
cantr i
sei noperati
ngpr ofi
tsfortheyear .Grossrefi
ningmar gi
nsrecor dedani ne-
year-highof$11. 6/bblwhereasPet rochemicalsEBI Tmarginwer eatsixy earhighlev el
of16. 9%.Ret ailbusinessprofit
abil
it
yimprov edshar pl
ywithst r
onggrowthi nr evenues.
RetailEBITmar gi
ni mprovedby70bpst o3. 0%.Digit
alSer v
icesbusinesscont r
ibuted
positivel
yi nitsf i
rstyearofoper at
ionwi t
hst rongcustomert racti
onforJi o’swireless
services.
Profi
taftert axwashigherby20. 6% atRs.36,075crore(
$5. 5bil
li
on)asagainstRs.
29,901crorei nthepreviousyear.Higherint
erestanddepreci
ati
onchargeswi t
ht he
commi ssioningofprojectsacrossbusinessesr esul
tedi
nr el
ati
vel
ylowergrowthi n
profi
taft
ert ax.

BALANCESHEET:
Par
amet
er MAR'
18  MAR'
17 YoY
(
₹Cr
.) (
₹Cr
.) %Change

EQUI
TYANDLI
ABI
LITI
ES

Shar
eCapi
tal 6,
335.
00 3,
251.
00 94.
86%

Shar
eWar
rant
s&Out
standi
ngs

Tot
alReser
ves 3,
08,
297.
00 2,
85,
058.
00 8.
15%

Shar
ehol
der
'sFunds 3,
14,
647.
00 2,
88,
313.
00 9.
13%

Long-
Ter
m Bor
rowi
ngs 0.
00 0.
00 0.
00%

Secur
edLoans 500.
00 1,
003.
00 -
50.
15%

Unsecur
edLoans 81,
096.
00 77,
720.
00 4.
34%

Def
err
edTaxAsset
s/Li
abi
l
iti
es 27,
926.
00 24,
766.
00 12.
76%

Ot
herLongTer
m Li
abi
l
iti
es 504.
00 0.
00 100.
00%

LongTer
m Tr
adePay
abl
es 0.
00 0.
00 0.
00%

LongTer
m Pr
ovi
si
ons 2,
205.
00 2,
118.
00 4.
11%

Tot
alNon-
Cur
rentLi
abi
l
iti
es 1,
12,
231.
00 1,
05,
607.
00 6.
27%

Cur
rentLi
abi
l
iti
es

Tr
adePay
abl
es 88,
675.
00 68,
161.
00 30.
10%

3
Ot
herCur
rentLi
abi
l
iti
es 85,
815.
00 60,
817.
00 41.
10%

Shor
tTer
m Bor
rowi
ngs 15,
239.
00 22,
580.
00 -
32.
51%

Shor
tTer
m Pr
ovi
si
ons 918.
00 1,
268.
00 -
27.
60%

Tot
alCur
rentLi
abi
l
iti
es 1,
90,
647.
00 1,
52,
826.
00 24.
75%

Tot
alLi
abi
l
iti
es 6,
17,
525.
00 5,
46,
746.
00 12.
95%

ASSETS

Non-
Cur
rentAsset
s 0.
00 0.
00 0.
00%

Gr
ossBl
ock 3,
53,
009.
00 2,
97,
352.
00 18.
72%

Less:
Accumul
atedDepr
eci
ati
on 1,
52,
045.
00 1,
42,
774.
00 6.
49%

Less:
Impai
rmentofAsset
s 0.
00 0.
00 0.
00%

NetBl
ock 2,
00,
964.
00 1,
54,
578.
00 30.
01%

LeaseAdj
ust
mentA/
c 0.
00 0.
00 0.
00%

Capi
tal
Wor
kinPr
ogr
ess 92,
581.
00 1,
28,
283.
00 -
27.
83%

I
ntangi
bleasset
sunderdev
elopment 6,
902.
00 4,
458.
00 54.
82%

Pr
e-oper
ati
veExpensespendi
ng 0.
00 0.
00 0.
00%

Asset
sint
ransi
t 0.
00 0.
00 0.
00%

NonCur
rentI
nvest
ment
s 1,
71,
945.
00 1,
40,
544.
00 22.
34%

LongTer
m Loans&Adv
ances 19,
659.
00 12,
286.
00 60.
01%

Ot
herNonCur
rentAsset
s 1,
562.
00 316.
00 394.
30%

Tot
alNon-
Cur
rentAsset
s 4,
93,
613.
00 4,
40,
465.
00 12.
07%

Cur
rentAsset
sLoans&Adv
ances

Cur
rent
sInv
est
ment
s 53,
277.
00 51,
906.
00 2.
64%

I
nvent
ori
es 39,
568.
00 34,
018.
00 16.
31%

Sundr
yDebt
ors 10,
460.
00 5,
472.
00 91.
15%

4
CashandBank 2,
731.
00 1,
754.
00 55.
70%

Ot
herCur
rentAsset
s 8,
999.
00 3,
601.
00 149.
90%

Shor
tTer
m LoansandAdv
ances 8,
877.
00 9,
530.
00 -
6.85%

Tot
alCur
rentAsset
s 1,
23,
912.
00 1,
06,
281.
00 16.
59%

NetCur
rentAsset
s(I
ncl
udi
ngCur
rentI
nvest
ment
s) -
66,
735.
00 -
46,
545.
00 43.
38%

Tot
alCur
rentAsset
sExcl
udi
ngCur
rentI
nvest
ment
s 70,
635.
00 54,
375.
00 29.
90%

Mi
scel
l
aneousExpensesnotwr
it
tenof
f 0.
00 0.
00 0.
00%

Tot
alAsset
s 6,
17,
525.
00 5,
46,
746.
00 12.
95%

Cont
ingentLi
abi
l
iti
es 57,
973.
00 59,
378.
00 -
2.37%

Tot
alDebt 1,
16,
881.
00 1,
07,
446.
00 8.
78%

BookVal
ue(
in₹) 496.
66 886.
83 -
44.
00%

Adj
ust
edBookVal
ue(
in₹) 496.
66 443.
42 12.
01%

PROFI
T&LOSS
Par
amet
er MAR'
18 MAR'
17 Change%
(
₹Cr
.) (
₹Cr
.)

Gr
ossSal
es 3,
15,
357.
00 2,
65,
041.
00 18.
98%

Less:
Int
erdi
vi
si
onal
transf
ers 0.
00 0.
00 0.
00%

Less:
Sal
esRet
urns 0.
00 0.
00 0.
00%

Less:
Exci
se 15,
293.
00 23,
016.
00 -
33.
55%

NetSal
es 3,
00,
064.
00 2,
42,
025.
00 23.
98%

EXPENDI
TURE:

I
ncr
ease/
Decr
easei
nSt
ock -
3,327.
00 -
4,605.
00 27.
75%

RawMat
eri
alsConsumed 2,
05,
297.
00 1,
69,
411.
00 21.
18%

Power&Fuel
Cost 13,
565.
00 10,
150.
00 33.
65%

Empl
oyeeCost 4,
740.
00 4,
434.
00 6.
90%

5
Ot
herManuf
act
uri
ngExpenses 8,
113.
00 7,
821.
00 3.
73%

Gener
alandAdmi
nist
rat
ionExpenses 4,
035.
00 4,
320.
00 -
6.60%

Sel
l
ingandDi
str
ibut
ionExpenses 17,
133.
00 8,
436.
00 103.
09%

Mi
scel
l
aneousExpenses 896.
00 763.
00 17.
43%

ExpensesCapi
tal
i
sed 2,
092.
00 1,
961.
00 6.
68%

Tot
alExpendi
tur
e 2,
48,
360.
00 1,
98,
769.
00 24.
95%

PBI
DT(
Excl
OI) 51,
704.
00 43,
256.
00 19.
53%

Ot
herI
ncome 8,
257.
00 8,
709.
00 -
5.19%

Oper
ati
ngPr
ofi
t 59,
961.
00 51,
965.
00 15.
39%

I
nter
est 4,
656.
00 2,
723.
00 70.
99%

PBDT 55,
305.
00 49,
242.
00 12.
31%

Depr
eci
ati
on 9,
580.
00 8,
465.
00 13.
17%

Pr
ofi
tBef
oreTax
ati
on&Except
ional
Items 45,
725.
00 40,
777.
00 12.
13%

Except
ional
Income/Expenses 0.
00 0.
00 0.
00%

Pr
ofi
tBef
oreTax 45,
725.
00 40,
777.
00 12.
13%

Pr
ovi
sionf
orTax 12,
113.
00 9,
352.
00 29.
52%

PAT 33,
612.
00 31,
425.
00 6.
96%

Ext
raor
dinar
yIt
ems 0.
00 0.
00 0.
00%

Adj
toPr
ofi
tAf
terTax 4.
00 0.
00 100.
00%

Pr
ofi
tBal
anceB/
F 29,
485.
00 22,
850.
00 29.
04%

Appr
opr
iat
ions 63,
101.
00 54,
275.
00 16.
26%

Equi
tyDi
vi
dend(
%) 60.
00 110.
00 -
45.
45%

Ear
ningsPerShar
e(i
n₹) 53.
06 96.
66 -
45.
11%

BookVal
ue(
in₹) 496.
66 886.
83 -
44.
00%

6
CASHFLOW STATEMENT
Par
amet
er MAR'
18 MAR'
17 Change
(
₹Cr
.) (
₹Cr
.) %

NetPr
ofi
tBef
oreTaxes 45,
725.
00 40,
777.
00 12.
13%

Adj
ust
ment
sforExpenses&Pr
ovi
sions 4,
358.
00 700.
00 522.
57%

Adj
ust
ment
sforLi
abi
l
iti
es&Asset
s 20,
532.
00 19,
533.
00 5.
11%

CashFl
owf
rom oper
ati
ngact
ivi
ti
es 62,
000.
00 51,
450.
00 20.
51%

- -
CashFl
owf
rom i
nvest
ingact
ivi
ti
es -
7.57%
59,
109.
00 54,
949.
00

CashFl
owf
rom f
inanci
ngact
ivi
ti
es -
1,914.
00 -
1,639.
00 -
16.
78%

Ef
fectofexchangef
luct
uat
ionont
ransl
ati
onr
eser
ve 0.
00 0.
00 0.
00%

Neti
ncr
ease/
(decr
ease)i
ncashandcashequi
val
ent
s 977.
00 -
5,138.
00 119.
02%

Openi
ngCash&CashEqui
val
ent
s 1,
754.
00 6,
892.
00 -
74.
55%

Cash&CashEqui
val
entonAmal
gamat
ion/Takeov
er/
0.
00 0.
00 0.
00%
Merger

Cash&CashEqui
val
entofSubsi
diar
iesunderl
i
qui
dat
ions 0.
00 0.
00 0.
00%

Translati
onadj
ust
mentonr
eser
ves/opcashbal
alcesf
rgn
0.
00 0.
00 0.
00%
subsidiar
ies

Ef
fectofFor
eignEx
changeFl
uct
uat
ions 0.
00 0.
00 0.
00%

Cl
osi
ngCash&CashEqui
val
ent 2,
731.
00 1,
754.
00 55.
70%

7
RATI
OS
Par
amet
er MAR'
18 MAR'
17

Oper
ati
onal
&Fi
nanci
alRat
ios:

 
  
Ear
ningsPerShar
e(Rs) 53.
06 96.
66

 
  
DPS(
Rs) 6.
00 11.
00

 
  
BookNAV/
Shar
e(Rs) 496.
66 886.
83

Mar
ginRat
ios:

 
  
Yiel
donAdv
ances 0.
00 0.
00

 
  
Yiel
donI
nvest
ment
s 0.
00 0.
00

 
  
CostofLi
abi
l
iti
es 0.
00 0.
00

 
  
NIM 0.
00 0.
00

 
  
Int
erestSpr
ead 0.
00 0.
00

Per
for
manceRat
ios:

 
  
ROA(
%) 5.
77 6.
11

 
  
ROE(
%) 11.
15 11.
59

 
  
ROCE(
%) 12.
18 11.
49

Ef
fi
ciencyRat
ios:

 
  
CostI
ncomeRat
io 0.
00 0.
00

 
  
Cor
eCostI
ncomeRat
io 0.
00 0.
00

 
  
Oper
ati
ngCost
stoAsset
s 0.
00 0.
00

Capi
tal
i
sat
ionRat
ios:

 
  
Tier1r
ati
o 0.
00 0.
00

 
  
Tier2r
ati
o 0.
00 0.
00

 
  
CAR 0.
00 0.
00

Val
uat
ionPar
amet
ers:

8
 
  
PER(
x) 16.
64 6.
82

 
  
PCE(
x) 12.
95 10.
75

 
  
Pri
ce/Book(
x) 1.
78 1.
49

 
  
Yiel
d(%) 0.
68 0.
83

 
  
EV/NetSal
es(
x) 2.
24 2.
21

 
  
EV/Cor
eEBI
TDA(
x) 11.
23 10.
29

 
  
EV/EBI
T(x) 13.
37 12.
29

 
  
EV/CE(
x) 1.
09 0.
98

 
  
M Cap/Sal
es 1.
86 1.
77

Gr
owt
hRat
io:

 
  
Cor
eOper
ati
ngI
ncomeGr
owt
h 70.
99 6.
28

 
  
Oper
ati
ngPr
ofi
tGr
owt
h 15.
39 10.
17

 
  
NetPr
ofi
tGr
owt
h 6.
96 14.
76

 
  
BVPSGr
owt
h -
44.
00 13.
14

 
  
Adv
ancesGr
owt
h 0.
00 0.
00

 
  
EPSGr
owt
h(%) -
45.
11 14.
37

Li
qui
dit
yRat
ios:

 
  
Loans/Deposi
ts(
x) 0.
00 0.
00

 
  
Tot
alDebt/Equi
ty(
x) 0.
00 0.
00

 
  
Cur
rentRat
io(
x) 0.
00 0.
00

 
  
Qui
ckRat
io(
x) 0.
00 0.
00

 
  
Tot
alDebt/Mcap(
x) 0.
00 0.
00

 
  
NetNPAi
nRs.Mi
l
li
on 0.
00 0.
00

9
YEARLY:
Par
amet
er MAR'
18 MAR'
17 Change%
(
₹Mi
l
li
on) (
₹Mi
l
li
on)

Sal
esTur
nov
er 31,
53,
570.
00 26,
50,
410.
00 18.
98%

Ot
herI
ncome 82,
200.
00 87,
090.
00 -
5.61%

Tot
alI
ncome 32,
35,
770.
00 27,
37,
500.
00 18.
20%

Tot
alExpenses 26,
36,
160.
00 22,
17,
850.
00 18.
86%

Oper
ati
ngpr
ofi
t 5,
99,
610.
00 5,
19,
650.
00 15.
39%

Gr
ossPr
ofi
t 5,
53,
050.
00 4,
92,
420.
00 12.
31%

I
nter
est 46,
560.
00 27,
230.
00 70.
99%

PBDT 5,
06,
490.
00 4,
65,
190.
00 8.
88%

Depr
eci
ati
on 0.
00 0.
00 0.
00%

PBT 4,
57,
250.
00 4,
07,
770.
00 12.
13%

Tax 1,
21,
130.
00 93,
520.
00 29.
52%

NetPr
ofi
t 3,
36,
120.
00 3,
14,
250.
00 6.
96%

Ear
ningsPerShar
e 53.
08 96.
90 -
45.
22%

Equi
ty 63,
350.
00 32,
510.
00 94.
86%

Pr
efer
enceCapi
tal 0.
00 0.
00 0.
00%

Reser
ves 30,
83,
120.
00 28,
50,
620.
00 8.
16%

FaceVal
ue 10.
00 10.
00 0.
00%

RELI
ANCEI
NDUSTRI
ES'
SSHAREHOLDI
NGPATTERN
Descr
ipt
ion Per
centofShar
e(%)

Pr
omot
ers 44.
75

I
ndi
vi
dual
s 12.
01

10
I
nst
it
uti
ons 10.
61

FI
I 17.
55

Gov
t. 0.
10

Ot
her
s 14.
98

SHAREHOLDI
NGPATTERN(
%OFSHARESHELD)
CATEGORYOFSHAREHOLDER TotalNumberof Percent
age
Shares ShareHol
ding(
%)

Pr
omot
er

I
ndi
anPr
omot
er 2,
92,
62,
02,
148 47.
35

For
eignPr
omot
er 0 0.
00

Tot
alPr
omot
er 2,
92,
62,
02,
148 47.
35

NonPr
omot
er

I
nst
it
uti
ons

Mut
ual
Funds/UTI 20,
30,
00,
276 3.
28

FI
/Bank/
Insur
ance 50,
42,
97,
545 8.
16

Gov
t 1,
00,
70,
590 0.
16

FI
I 77,
92,
996 0.
13

Ot
her 1,
50,
80,
92,
216 24.
40

Tot
alI
nst
it
uti
ons 2,
23,
32,
53,
623 36.
13

Non-
Inst
it
uti
on

Bodi
esCor
por
ate 16,
17,
76,
030 2.
62

I
ndi
vi
dual
s(upt
oRs.1l
akh) 50,
27,
22,
826 8.
13

I
ndi
vi
dual
s(i
nexcessofRs.1l
akh) 7,
63,
71,
159 1.
24

11
 CATEGORYOFSHAREHOLDER TotalNumberof Percent
age
Shares ShareHol
ding(
%)

NRI
s/OCBs 3,
32,
58,
182 0.
54

Ot
her
s 82,
57,
48,
389 13.
36

Tot
alNon-
Inst
it
uti
on 1,
02,
07,
82,
601 16.
52

Tot
alNonPr
omot
er 3,
25,
40,
36,
224 52.
65

Deposi
tor
yRecei
pts 15,
61,
60,
582 0.
00

Tot
al 6,
33,
63,
98,
954 100.
00

I
NVENTORI
ES
Itemsofi nventori
esar emeasur edatl owerofcostandnetr eali
sablevalueaf t
er
providi
ngforobsolescence,i
fany,exceptincaseofby -pr
oductswhichar eval
uedatnet
real
isableval
ue.Costofi nv
entor
iescompr i
sesofcostofpur chase,costofconv er
sion
andot hercostsincludi
ngmanufact uri
ngov erheadsincur
redinbr i
ngingthem tot heir
respecti
vepresentlocati
onandcondi ti
on.Costofr aw material
s,processchemi cals,
storesandspar es,packingmaterials,t
radingandot herproductsaredet er
mi nedon
weightedaveragebasis.

REVENUERECOGNI
TION
Rev enue isr ecognised onlywhen r isks and r ewar ds i
ncidentalto owner ship are
transferredtothecust omer,itcanber eli
ablymeasur edandi tisreasonablet oexpect
ulti
mat ecol l
ecti
on.Rev enuefrom oper ati
onsi ncludessaleofgoods,ser vices,service
tax,exci sedutyandsal esdur i
ngtrialr unper iod,adjustedf ordiscounts( net)
,and
gain/lossoncor respondinghedgecont racts.Dividendincomei srecognisedwhent he
ri
ghtt or ecei
ve pay mentisest abl
ished.I nt
eresti ncome isr ecognised on a t i
me
propor t
ionbasi stakingi nt
oaccountt heamountout st
andingandt heint erestrate
appl i
cable.

DEPRECI
ATI
ON,
AMORTI
SATI
ONANDDEPLETI
ON
Tangi
bleAsset
s
Depreci
ati
ononf i
xedasset sisprovi
dedt otheextentofdepreci
ableamountont heWr it
ten
DownVal ue( WDV)Met hodexceptincaseofasset spertai
ningtoRef i
ningsegmentandSEZ
unit
s/dev eloperwheredepreci
ati
onisprovidedonStrai
ghtLi
neMet hod( SLM).Depr eci
ati
onis
provi
dedatt heratesandinthemannerpr escri
bedinSchedul
eXIVtot heCompani esAct,1956
excepti
nr espectofthefol
lowingassets,
wher erat
eshighert
hanthosepr escr
ibedinSchedule
XIVareused;

12
Par
ti
cul
ar Depr
eci
ati
on
Fi
xedbedcat
aly
st(
usef
ull
i
fe:
2year
sor Ov
eri
tsusef
ull
i
feast
echni
cal
l
yassesse
more)

Fi
xedbedcat
aly
st(
usef
ull
i
fe:
upt
o2y
ear
s) 100%depr
eci
atedi
nthey
earofaddi
ti
on

Assetsacqui
redf
rom 1stApr
il
,2001under Ov
ert
heper
iodofl
easet
erm
fi
nancel
ease

Pr
emi
um onl
easehol
dland Ov
ert
heper
iodofl
easet
erm

Inrespectofadditionsorext ensionsf ormi nganintegralpar

tofexisti
ngasset sandi nsurance
spares,incl
uding incrementalcostar ising on accountoft ranslat
ion offoreign currency
l
iabil
it
iesforacquisit
ionoffixedasset s,depreci
ationisprovi
dedasaf oresaidoverther esi
dual
l
ifeoft her espectiv
easset s.I nr espectofamount saddedonr evaluati
on,depreciati
oni s
provi
dedasaf oresaidoverther esidual l
ivesoftheasset sascer
tif
iedbyt heval
uers’.

I
ntangi
bleAsset
s
Thesear
eamor
ti
sedasunder
:

Par
ti
cul
ar Amor
ti
sat
ion/
depl
eti
on
Techni
cal
Know-
how Ov
ert
heusef
ull
i
feoft
heunder
lyi
ngasset
s

Comput
ersof
twar
e Ov
eraper
iodof5y
ear
s

Dev
elopmentRi
ght
s Depl eted in pr opor ti
on of oi l and gas
product ion achi eved v i
s-a-vi
st he pr oved
reser v
es( netofr eservest ober et
ainedt o
cov er abandonment cost s as per t he
product ion shar ing cont r
act and t he
Gov ernmentofI ndia’sshar eint her eserv
es,
wher eappl icable)consi deringt heest imated
futureexpendi tureondev elopingt hereserves
aspert echnicalev aluati
on

Ot
her
s Overtheperi
odofagreementofr i
ghttouse,
prov
idedthatincaseofjett
y,theaggregate
amountamor t
isedt
odateisnotlessthanthe
aggregat
erebateav
ail
edbytheCompany .

I
MPAI
RMENT
Anassetistr
eatedasimpai r
edwhenthecarry
ingcostofassetexceedsitsrecov
erable
val
ue.AnimpairmentlossischargedtotheStat
ementofProfi
tandLossi ntheyearin
whichanasseti sidenti
fiedasi mpair
ed.Thei mpai
rmentlossr ecognisedinprior
account
ingperi
odisreversedift
herehasbeenachangeintheest i
mateofr ecov
erable

13
amount
.

BI
BLI
OGRAPHY:
http:/
/www.
ri
l.
com/
Downl
oadFi
l
es/
Cor
por
ateGov
ernanceRepor
t/RI
L%20CG%20Repor
t%202016
-17.pdf

ht
tps:
//www.
ndt
v.com/
busi
ness/
stock/
rel
i
ance-
indust
ri
es-
lt
d_r
eli
ance/
char
t

htt
p:/
/www. ri
l
.com/get
attachment/
3ac0b6ef
-9631-41df-
b68a-
e7470ce20250/Fi
nanci
al%20perf
ormance%20for%20the%20year
%20ended%20Mar
ch%2031,
%2
02018.aspx

14